Litecoin Price Live LTC Value Chart & Market Cap 2023

The price of Litecoin has been on an exciting journey in its long crypto history, from being worth $0.30 in 2011 to reach an impressive $340 at the end of 2017. Though it hasn’t managed to reach that high of a price since Litecoin continues to innovate and expand its reach. The inherent volatility of the cryptocurrency market means that surges and crashes are just par for the course. Litecoin’s price is based purely on trading as there is no standard global Litecoin price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affects the price. Given Litecoin’s volatility, its live price can change by a large amount in a very short space of time.

This was once more followed by a decline, though not as sudden as the last one, dragging on until the price of Litecoin dropped below $25. There was a resurgence in the first half of 2019, but it didn’t yet have the momentum to break through $150 again. By the start of November 2020, Litecoin was trading at around $55, at which point the price began climbing again and reached $240 in 2021.

Market analysis

Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . In this article, we’ll examine the five main types of attacks that target cryptocurrency users. Bitcoin’s market cap remains much higher than Litecoin’s. The number of LTC mined per block will continue to drop by half, roughly every four years, until a total of 84 million LTC has been mined. The most recent halving occurred on 5 August 2019 and the next one is expected to happen on 5 August 2023, when the block reward will be reduced from 12.5 LTC per block to 6.25 LTC. Great platform, really easy to use, nothing complicated, everything a beginner or pro trading crypto would want.

These include both Litecoin-related events such as updates and halvings and broader crypto occurrences like changes to regulation. I made the mistake of sending coins to the wrong address in the transaction. The SimpleSwap team helped me out and refunded me the coins, when they easily could have kept them for themselves. Your LTC coins will be sent to this address right after the exchange. On SimpleSwap everyone can convert BTC to LTC in a few clicks without sign-up, as this instant crypto exchange makes the best for its customers.

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This may have increased general awareness and confidence in Litecoin and contributed to its rally later that year. There have been some interesting moments in Litecoin’s long price history, and if you want to understand more about its movements, you’re in the right place. We’ve compiled everything you need to know about the past price action of Litecoin – and the various factors that influence it. Customers who have further questions can check the Knowledge Base on our website.

Find the /BTC chart and follow the quote changes in real time at Capital.com. Another area in which Bitcoin and Litecoin differ significantly is their market capitalization, thetotal dollar market valueof all the created coins. Litecoin has a much smaller market capacity because Bitcoin has a smaller supply and greater demand. These, along with other factors, contribute to a completely different valuation than Bitcoin.

Over the past several years, public interest in cryptocurrencies has fluctuated dramatically. It has garnered attention from investors, whose interest in cryptocurrency has surged as it has aged. The main focus of this interest has been Bitcoin, which has become synonymous with creating cryptocurrency millionaires and increasing people’s digital wealth.

Bitcoin is currently perceived to be a more valuable asset, so it is worth more. Bitcoin was the first cryptocurrency to be introduced in 2009. Since then, it has evolved from a novelty into a controversial commodity, investment, and exchangeable currency. It relies on decentralized and community computing power to maintain the validity and security of a centralized database, called a blockchain.

Litecoin was developed to solve the long transaction confirmation time and scalability problem inherent in Bitcoin. Litecoin aims to allow for a faster and higher transaction volume, improved storage efficiency and substantial industry support. Litecoin essentially serves as a “testnet” for improvements to be implemented on the Bitcoin blockchain. For example, Litecoin integrated the Lightning Network – a second-layer technology for Bitcoin to create micropayment channels for payments – ahead of Bitcoin. The total market capitalization of the top 100 cryptocurrencies has increased over the past seven years from … Litecoin is a global open source payment network, fully decentralized.

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This hhttps://www.beaxy.com/ens roughly every four years and means that the available supply of cryptocurrency becomes scarcer over time. As demand ETC increases, Litecoin can be used as a hedge against currency inflation as its price is bound to go up and there is a maximum supply that can ever be mined. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Compare the price & changes of Litecoin in BTC for the week. You need to enable JavaScript to run this app.Exchange LTC BTC. Buy or sell Litecoin with Bitcoin. To learn about the necessary number of confirmations for each coin, click here. To learn how to check the number of confirmations, click here. When receiving/sending cryptoassets, the receipt/withdrawals will be reflected on the customer’s account only after our confirmation.

The btc litecoin was created by Charlie Lee, a software engineer who had worked at Google and crypto exchange Coinbase, and it was launched on the bitcointalk forum in October 2011. This lesson centers on understanding cryptocurrency market capitalization. Unlike traditional currencies, Litecoin’s supply is constant. There will never be more than 84 million Litecoins in circulation. Every 2.5 minutes, the Litecoin network generates a new block – an entry in the book of recent Litecoin transactions around the world. 89.1% of retail investor accounts lose money when trading CFDs with this provider.

• Bitcoin’s issuance is capped at 21 million BTC, but Litecoin is set to quadruple the cap at 84 million LTC.
• Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years.
• Litecoin users send and receive LTC on the blockchain by inputting the public-key information attached to each person’s digital wallet.
• 2019 brought wider adoption and new partnerships for Litecoin.